Flipkart’s Binny asks for $100mn Walmart payout?

Published Date :
19-Dec-2018 3:34:54 IST

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Flipkart Co-founder and former Group CEO Binny Bansal has reportedly negotiated an immediate payout of $100 million from Walmart, with the remaining due by August 2020. As per his original contract, Binny would have received over half of his more than $850 million worth of stakes. He will continue to keep remainder of his stock in Flipkart, the report added.